A horrible credit score after finishing a consumer proposal isn't necessarily your fault. Many who've completed a consumer proposal are surprised to learn that numerous mistakes on their credit report ... Read More
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases where it makes sense to bypass this process, yet still ... Read More
Many services are available to give Canadians free access to their credit scores, but the problem is they all provide different results. No industry standards exist to ensure credit score ... Read More
Adjusting to a post COVID-19 world, many things will be different, some permanently. We analyze how Canadian housing markets, including supply, demand and costs have been altered by the pandemic ... Read More
How Do You Ensure Your Homebuying Budget Covers Everything You'll Need For Closing Day? Buyers quickly learn it's much more than just coming with the down payment ... Read More
With a shell-shocked COVID-19 Canadian economy as backdrop, CMHC moved to tighten lending standards for insured mortgages. New rules for CMHC-insured mortgages are intended to reduce the risk of increasing ... Read More
After a consumer proposal has been fully paid, many think about buying a home. If already homeowners, they may be concerned about their upcoming mortgage renewal, or wonder whether a ... Read More
Running commentary and news updates on COVID-19's impact on banking, real estate, mortgages, government relief programs, personal credit, and other ... Read More
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases ... Read More
Adjusting to a post COVID-19 world, many things will be different, some permanently. We analyze how Canadian housing markets, including supply, demand and costs ... Read More
How Do You Ensure Your Homebuying Budget Covers Everything You'll Need For Closing Day? Buyers quickly learn it's much more than just coming with ... Read More
With a shell-shocked COVID-19 Canadian economy as backdrop, CMHC moved to tighten lending standards for insured mortgages. New rules for CMHC-insured mortgages are intended ... Read More
Most first-time buyers lack sufficient funds to purchase their home outright and require loan financing (a mortgage) to make it work. In this article, ... Read More
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases where it makes sense ... Read More
Mortgage pre-approval is used by lenders to “vet” borrowers and estimate spending ability for a home purchase. Seven factors determine the amount, both for ... Read More
Thanks to tighter mortgage qualification rules and higher-priced real estate—particularly in the greater Vancouver and Toronto areas—it’s not always easy to qualify for a ... Read More
Property tax bills come in three separate chunks throughout the year. But what is the best–easiest, smartest, fastest way to pay your property taxes? ... Read More
A first time buyer with questions about tapping into their RRSP when buying their first home comes up quite often. It’s quite easy actually ... Read More
Here we explain the importance of protecting against rising interest rates as you approach your mortgage renewal date or while you are out shopping ... Read More
First-time buyers can sometimes get confused by the terminology. For example, they understand you have to make a deposit when your Offer to Purchase ... Read More
This is a cautionary story about the importance of having your own unique personal credit facilities, and not to simply carry supplemental cards in ... Read More
Discovery of errors on a credit report at the last minute could have cost homebuyers the home they wanted if sellers didn't generously extend ... Read More
When you close your purchase mid-month, you might have to prepay a few days’ interest on your closing date— it’s called the interest adjustment, ... Read More
